WTS NWT Polo Ralph Lauren

Wukaneld — Wed, 15 Oct 2014 21:12:14 +0800

Item(s):
(1) NWT Classic Fit Size S Polo Ralph Lauren Solid Brown with White Pony

(2) NWT Classic Fit Size S Polo Ralph Lauren Solid Green with Red Pony
- The shirt has a gold dot on its label, which indicates that the item was sold by a PRL Factory Store
- It is longer in length, has bigger and longer sleeves than usual S but normal shoulder width, suitable for taller and bigger man
- Supplier code not found at its usual place, but I am confident it is not a fake

Price:
(1) RM280 or PM best price

(2) RM220 or PM best price

Dealing method:
COD or PosLaju (shipping included in price)

Location of seller:
Kuching, Sarawak

Contact method/details:
Please PM me

Picture:
(1)
[attachmentid=4172420]
[attachmentid=4172421]

(2)
[attachmentid=4172432]
[attachmentid=4172434]

Reason for sale:
Not my size

Margin of Finance Slashed After Valuer Inspection

Wukaneld — Fri, 08 Feb 2008 06:13:25 +0800

I'm not sure if someone here faced the same problem before, but I hope maybe someone can answer my doubts.

When someone applies for a mortgage the banks will usually ask their valuers for a quotation of the property. In most of the cases the process is just done verbally, ie. the officer calls the valuer, giving him details (address, land area, bumi or non-bumi, renovation) and the valuer will tell you how much they THINK the property worths.

While some banks have a long lists of approved panel valuers, some have just one or two. It means that if customers are not happy with the market value given, the officer can only wave goodbye to their commission.

Even when they agreed about everything during application, there will still be some potential problems after the loan agreement is signed and stamped.

The banks will only send out the valuation instruction to the valuer when the customer decided to take up the offer. Now what the valuers do is they will go to the exact place to inspect the property. If they find out the current market value they gave before is too high they will just change it and send the valuation report to the bank, and job's done.

When the bank receives the report, they will check whether the CMV will affect the max MoF or not. In some cases, when the valuer decided to lower the verbal CMV after inspection, and the new MoF does not exceed the max allowed, then there will be not many problems for draw down.

While in most cases when customers apply for a 90% (max) loan, the MoF will sure be slashed and as a result, customers will have to find their own ways to top-up the amount or to cancel the loan.

For example, the verbal CMV is 200k, and 90% MoF is 180k. After inspection the valuer reduces the CMV to 190k and thus the 90% (max) MoF has to be reduced to 171k. Customer has to top-up 9k as a result.

Now here's my problem:

1. If someone has to be responsible, that will be whom?
2. Is there any way customers can do to not cancel the loan while still get the 180k loan at 94.7% MoF?
3. Can they complain? To Bank Negara?

Any answers will be very much appreciated. Thanks.

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WTS NWT Polo Ralph Lauren

Margin of Finance Slashed After Valuer Inspection